Romania Must Pay EUR 6 Million to Enter OECD
The cost of Romania’s Organization for Economic Co-operation and Development (OECD) membership will be close to EUR 6 million, which must be paid in the...
Tag : Romanian economy
International Tourist Arrivals in Romania Decline
Tourism in Romania increased by 25% in the first seven months of 2022 compared to 2021. According to official statistics, the increase represents a significant...
Romania’s Foreign Debt Increases in 2022
Romania’s external debt rises by EUR 5,8 billion in the first seven months of 2022. More than half, over EUR 3 billion, was added in...
Record Number of Closed Businesses in Romania in 2022
Romania records an alarming number of closed businesses in the first months of 2022, the most significant number of failed companies in the last three...
Annual Inflation Rate in Romania: 15.32% in August
The annual inflation rate rose to 15.32% in August this year, from 14.96% in July, while the prices of food goods increased by 18.22%, and...
EC Approves €4 Billion Scheme to Support Romanian Companies
The European Commission has approved a €4 billion (approximately RON 19.7 billion) Romanian scheme to support companies across sectors following Russia’s invasion of Ukraine. The...
Romania’s Stores Sales Grew by Only 2.5% in 2022
Romania’s store sales increased by only 2.5% in 2022, despite an average price increase of more than 16%. This suggests a sharp decline in sales...
Drought Blocks Hundreds of Ships on Danube
Because of the drought, a significant drop in water levels stuck hundreds of ships on the Romanian-Bulgarian portion of the Danube. According to Agerpres, the...
Romanian TAROM Employees Likely to Go on Strike from August 23
Flying to or from Romania these days? You have to consider a potential delay in your flight! TAROM, the Romanian Air Company, may become the...
Eurostat: Romania Leader in Construction Works
Eurostat mentioned Romania as a leader in Europe in construction works, being one of the countries with a significant increase in 2022. Construction works registered...
